RIYADH: Saudi Grains Organization (SAGO) has signed a deal to import 1.268 million tons of wheat at an average price of $377.54 a ton.
The Kingdom’s main state wheat buying agency said the shipment from Europe, the Black Sea region, Australia and North America, would be its final purchase of imported wheat for the year, the Saudi Press Agency reported.
SAGO governor Ahmed bin Abdul Aziz Al-Faris said in a statement: “The sixth batch of wheat will arrive in Saudi Arabia between January and April next year, distributed on 20 ships.”
He added: “As many as eight ships will arrive at Jeddah Islamic Port with 509,000 tons of wheat, six ships will arrive at Yanbu Commercial Port with 384,000 tons, five ships will arrive at King Abdulaziz Port in Dammam with 320,000 tons and one ship will arrive at Jizan Port with 55,000 tons of wheat.”
The body said 13 out of 24 international grain trading firms invited to submit tenders took part in the bidding process.